Good to Great Book Review - 1596 Words

Good to Great Book Review Throughout the book Collins examines what differentiates a good company from a great company. This first chapter addresses the process of evaluating information and finding characteristics that differentiates the two types of companies. After finding these characteristics Collins’s team compared the data to a variety of companies and discovered what a great company had that a good company didn’t. â€Å"We came to think of our research effort as akin to looking inside a black box. Each step along the way was like installing another light bulb to shed light on the inner workings of the good to great process.† All great companies have a Level 5 leader calling the shots. A level 5 leader is an individual who has a†¦show more content†¦The hedgehog principle is based around three essential questions. 1. What are you deeply passionate about? 2. At what can you be the best in the world? 3. What drives your economic engine? According to Collins, a great company should answer all three questions, take whatever answers all three of them, and build their hedgehog strategy around that answer. However, it should be noted here, that the hedgehog concept is not universally accepted as the best strategy to take. Philip Tetlock contends that the fox, the thinker who knows many little things, drawing from an eclectic array of traditions, is better able to improvise in response to changing events, and is more successful in predicting the future than the hedgehog, which knows one big thing, toils devotedly within one tradition, and imposes formulaic solutions on ill-defined problems. The fox as well as the hedgehog idea seem to be extremities on the acceptable strategy spectrum. The best manager should try to find a middle ground, for example concentrating on one big thing during the early stages and then many little projects once the flywheel has taken off. Another important step in building a great company is developing a culture of discipline. Companies tend to respond to growth and success in the wrong way by hiring seasoned execs and MBAs to take on leadershipShow MoreRelatedBook Review of Jim Collins Good to Great2143 Words   |  9 PagesIntroduction The book of Collins (2001) entitled Good to Great became one of the best seller not because of the attractiveness written in it but because of its ability to inspire the people through reminding them on how to struggle against the tendencies and aid the individuals in setting a higher standard toward greatness. The author manages to show the different sides of philosophical sides which also attracted a lot of criticisms that tend to examine the significant implications of the book in determiningRead MoreThe Autobiography By Frederick Douglass1632 Words   |  7 Pagesincredible tell perseverance to be with his love that is free in the north and to help others that have been in captivity. 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In the novel, The Yellow Birds by Kevin Powers you see characters that have the intent to do good, but come up short and fail.Read MoreOutline Of A Curriculum Proposal1296 Words   |  6 PagesSelf-Esteem Grade Level: Kindergarten OVERVIEW OF THIS PROPOSAL: The kindergarten teachers propose that the theme of self-esteem should be a new curriculum unit to be focused on next year. This curriculum will be great to use because it allows the students to learn the importance of feel good about themselves. We believe that including a literature unit on self-esteem not only boost students’ self-worth but it would enhance their performance in class and in life. In kindergarten team meetings teachersRead MoreAbraham Lincoln s Political Legacy856 Words   |  4 PagesIn chapter eight of the book Abraham Lincoln’s political legacy is looked at. It goes in depth on how during the Reconstruction, the republican party essentially ruined the South for twelve years by instituting puppet governments that constantly raised taxes but provided very few public benefits (7). This chapter talks also talks about how the republican party stole money from the raised taxes. It seems like the main goal for the government at this point was to become a n empire under Abraham Lincoln